Got the Wash Sale Blues? Relief Is On the Way . . . at 1:00 pm ET on June 18th
How does the concept of chaining affect a lot’s holding period and basis? How do you apply the Hanlin v Commissioner paradigm and use feature comparison to determine what is considered substantially identical?
When trying to comply with section 1091 (wash sales) of the Internal Revenue Code (IRC), fund accountants and compliance officers grapple with these kinds of tough questions. Answering them requires an in-depth knowledge of section 1091 (wash sales), section 1233 (short sales) and securities trading. To make this process more manageable and to help funds avoid the risk of non-compliance, we will host “Wash Sales: A Closer Look,” our 2nd complimentary/CPE-eligible webinar on Taxable Events, June 18th at 1:00 pm ET.
Our inaugural webinar, “Wash Sales, Constructive Sales and Straddles: A Primer,” briefly covered section 1091. However, to give this subject the treatment it deserves, “Wash Sales: A Closer Look” will provide an advanced discussion of branching, chaining, rolling, substantially identical and other concepts key to identifying and treating wash sales.
We hope you join us for “Wash Sales: A Closer Look,” which will include plenty of examples of securities transactions that trigger the wash sale rule. Click here for details and to register for this 50-minute webinar with a live Q&A period. For a primer on wash sales, read our white paper, Basic Wash Sales.